The Federal Reserve Bank of New York’s Empire State Manufacturing Survey showed little change in manufacturing activity in February. The index came in at 3.1, and increase of 3.8 points from January’s reading of -0.7, it’s lowest level since May 2020 (a reading above 0.0 is indicative of expansion). New Orders and Shipments were also flat, while prices reflected recent inflation as Prices Received hit an all-time high while Prices Paid remained close to its all-time high. See the full report here.
